SEBI now looking to tighten FPI disclosure rules it was ‘forced to dilute’ to benefit Adani: Congress
[ad_1] A day after SEBI proposed mandating additional disclosure for high-risk Foreign Portfolio Investors, the Congress, on Thursday, alleged that the regulator was now looking to tighten the very rules it was “forced to dilute” in 2018 to benefit the Adani Group. The capital markets regulator, on Wednesday, came out with a proposal mandating enhanced […]
Aureus Investment cuts stake in Sona BLW
[ad_1] Aureus Investment, promoter of Sona BLW Precision Forgings, has sold 1.9 crore shares (or 3.25 per cent), of the auto ancillary company. The shares were sold at an average price of ₹503.73, taking the deal size to ₹957 crore, NSE bulk deal data revealed. Aureus Investment held a 33 per cent stake in Sona […]
Day Trading Guide for May 31, 2023
[ad_1] ₹1637 • HDFC Bank S1 S2 R1 R2 COMMENT 1630 1615 1655 1670 Go long now and at 1630. Keep the stop-loss at 1625 ₹1323 • Infosys S1 S2 R1 R2 COMMENT 1310 1300 1330 1360 Wait for dips. Go long at 1305. Keep the stop-loss at 1295 ₹450 • ITC S1 S2 R1 […]
India plans smaller refineries to achieve 450 mmtpa refining capacity: Hardeep Singh Puri
[ad_1] India is looking to set up smaller petroleum refineries to achieve 450 million metric tonne per annum refining capacity in the country, Oil Minister Hardeep Singh Puri said on Tuesday. Addressing an energy summit organised by Indo-American Chamber of Commerce and Industry here, Puri said smaller refineries pose lesser hurdles like land acquisition and […]
BSE, NSE put NDTV under short-term ASM framework
[ad_1] Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. New Delhi Television Ltd (NDTV) is shortlisted in the […]
Sensex, Nifty open higher on US debt ceiling deal
[ad_1] Indian shares advanced on Monday, led by an uptick in financials while improved global cues due to a weekend debt ceiling deal in the US added heft. The blue-chip Nifty 50 index was up 0.63 per cent at 18,616, while the benchmark S&P BSE Sensex rose 0.70 per cent to 62,939.10 in early trade. […]
IEX’s wait for regulators’ nod for launching derivatives continues
[ad_1] Indian Energy Exchange (IEX) has been waiting for the report of a committee formed by SEBI and CERC to evolve a framework for trading in energy derivatives. Once the framework is in place, India’s premier energy exchange intends to launch a derivative product, a source in the company told businessline. IEX would have launched […]
Mutual fund equity assets up 4 per cent in April, even as inflows dip
[ad_1] Notwithstanding a volatile market, the top 20 mutual funds recorded a four per cent month-on-month gain in equity investments, including hybrid and other schemes, to Rs 22.14 lakh crore in April. SBI Mutual Fund and Axis MF topped the table with a 5 per cent gain each in equity assets to Rs 4.78 lakh […]
CFOs to be blamed for most of frauds, says Sebi WTM Mohanty
[ad_1] Chief financial officers are responsible for most of the frauds that have been witnessed in India, a senior official from SEBI said on Friday, citing an analysis done by the capital markets regulator. The role of the CFOs extends much beyond keeping accounts of the business, and SEBI looks at them as “critical gatekeepers […]
Indian Bank empanelled as a Clearing and Settlement Bank with ICCL
[ad_1] Indian Bank on Friday said it has been empanelled as a Clearing and Settlement Bank with the Indian Clearing Corporation Ltd (ICCL). The public sector bank can now facilitate banking services to members of BSE for clearing and settlement operations. “Now, the clearing members can open settlement accounts with the Bank for funds settlement […]